The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?

Oil prices edged up on Tuesday as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast.

The strength in 2026 and Winter ’26–’27 pricing provided an opportunity for many operators to secure improved cash flow ...

Gas prices climbed nationwide after a major winter storm disrupted fuel supplies and sent drivers rushing to fill up before the weather hit. The national average for a gallon of regular gas rose to $2 ...

Some 45 years ago, I worked for Oil Buyers’ Guide, a Lakewood-based publication that extensively covered world oil markets.

U.S. natural gas prices on Monday extended their remarkable 70% rally from last week as the big freeze pushes heating and ...

Oil and gasoline prices are expected to decline next year, according to the latest forecast from the Energy Information Administration (EIA). The EIA published its November Short-Term Energy Outlook ...

Morningstar's Oil and Gas Outlook finds the industry will be resilient even as companies can expect oil and gas price ...

Investors don't need to worry about this oil major's sterling dividend track record or its future.

The Trump administration says $500 million worth of Venezuelan oil is headed to the United States, part of a broader push to ...